Questions And Correct Answers (Verified Answers)
Graded A+ New Update
1. Condensing data deletes all older transactions.
Answer: False
2. Which path does a user take to customize a company accounts color scheme?-
Answer: Edit menu > Preferences >Desktop View
3. Users can use the EasyStep Interview or the menu to enter company
information.
Answer: Company
4. Users can create a new income or account by first selecting the Lists
menu.
Answer: expense
5. Customers and vendors are found in the Lists menu.
Answer: False
6. When entering a new inventory item, a user can set up a new income account at the
, same time.
Answer: True
7. The area can be customized using the Customization icon.
Answer: Insights
8. The menus appear at the top of the windows in QuickBooks 2020.
Answer: True
9. In the QuickBooks setup process, employee information can be entered into the
account.
Answer: True
10. In the EasyStep Interview process, choose the Yes option for tracking ,
if the business sells products.
Answer: inventory
11. How does a user access the Customize Shortcuts feature in the Icon Bar?
Answer: -
Select and hold (or right-click) the blank area where the shortcuts are located
12. When setting up a QuickBooks account, a(n) date is needed.
Answer: start
13. What does the Icon Bar contain? Choose three answers.